Illinoisans in line for restitution payments under Navient settlement
Posted January 13, 2022 12:00 am
Thousands of Illinoisans will receive restitution payments and debt cancellations from Navient, one of the nation's largest student loan servicing companies, under terms of a multistate settlement.
The payouts and debt relief will resolve years-old lawsuits filed by attorneys general from nearly 40 states and provide "substantial" compensation to borrowers, especially those targeted by Navient for so-called subprime loans to attend for-profit colleges, Illinois Attorney General Kwame Raoul said at an online news conference Thursday.
Navient did not admit to any wrongdoing as part of the settlement.
• For the full story, visit chicago.suntimes.com.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.